Tuesday, August 22, 2017

Airports Authority of India to build new Andhra Pradesh airport

The Airports Authority of India (AAI) has emerged successful in the bidding for the greenfield international airport proposed at Bhogapuram in north Andhra region. By submitting financial bids, which were opened on Monday, both AAI and GMR were in the race to bag the project.
After the bids were opened, it was found that while AAI offered 30.2 per cent of revenue share, GMR offered only 21.6 per cent. The swanky airport will come up at a cost of 2,800 crore.
22/08/17 Times of India